According to a market report by Lucintel, the future of the global AI language model market looks promising with opportunities in the text editing, programming, translation, arithmetic, image description, and visual question answering markets. The global AI language model market is expected to grow with a CAGR of 30.2% from 2024 to 2030. The major drivers for this market are the growing need for automated customer service & content generation, increasing volume of digital data for training AI models, and rising investments from tech giants & startups in AI research and development.A more than 150-page report to understand trends, opportunity and forecast in AI language model market to 2031 by type (hundreds of billions of parameters and trillions of parameters), application (text editing, programming, translation, arithmetic, image description, visual question answering, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World).
Lucintel forecasts that hundreds of billions of parameter is expected to witness higher growth over the forecast period.
Within this market, text editing is expected to witness the highest growth.
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APAC is expected to witness the highest growth over the forecast period.
Open AI, Google, Microsoft, Meta, Amazon, Baidu, Deepmind, Anthropic, Alibaba, Huawei are the major suppliers in the AI language model market.
This unique research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or write us at [email protected] To get access of more than 1000 reports at fraction of cost visit Lucintel's Analytics Dashboard.
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At Lucintel, we offer solutions for you growth through game changer ideas and robust market & unmet needs analysis. We are based in Dallas, TX and have been a trusted advisor for 1,000+ clients for over 20 years. We are quoted in several publications like the Wall Street Journal, ZACKS, and the Financial Times.
Contact:
Roy Almaguer
Lucintel
Dallas, Texas, USA
Email: [email protected]
Tel. +1-972-636-5056
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